Initition of CIRP - Ex-parte order - Corporate Debtor could not ...

NCLT orders CIRP ex-parte against Corporate Debtor for debt default; appeal fails as decision is upheld.

January 3, 2023

Case Laws Insolvency and Bankruptcy AT

Initition of CIRP - Ex-parte order - Corporate Debtor could not appear before the NCLT - in the instant case on hand, there is overwhelming evidence of Debt Due, payable in Fact and in Law, and Default, the Adjudicating Authority, had exercised its subjective discretion in a sound, judicious and right thinking manner, and accordingly Admitted the application, filed by the 1st Respondent / Bank(Financial Creditor), which requires no interference, in the hands of this Tribunal, sitting in Appeal. Consequently, the Appeal fails. - AT

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Initition of CIRP - Ex-parte order - Corporate Debtor could not ...

NCLT orders CIRP ex-parte against Corporate Debtor for debt default; appeal fails as decision is upheld.

January 3, 2023

Case Laws Insolvency and Bankruptcy AT

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